In a report released today, Youssef Squali from SunTrust Robinson reiterated a Buy rating on SVMK Inc (SVMK), with a price target of $17. The company’s shares opened today at $11.95.
Squali said:
“We maintain a positive stance on SVMK and tweak our ests/PT to $17 from $16. Results vs. expectations. Revenue and EBITDA came in at $65.2M/$17.0M vs. consensus estimates of $62.9M/$13.8M, respectively. Top line growth accelerated to 18% Y/Y (+19% when adjusted for the discontinued non self serve portion of Monkey Audience in 3Q17). We were at $62.8M (+13.6% Y/ Y) for revs and $14.0M for EBITDA.”
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SVMK Inc has an analyst consensus of Moderate Buy, with a price target consensus of $15.33.
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Based on SVMK Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $12.46 million. In comparison, last year the company had a GAAP net loss of $12.98 million.
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SVMK, Inc. engages in the provision of survey software products. The company was founded by Ryan Finley in 1999 and is headquartered in San Mateo, CA.
